In Arizona, Expenses For Medical Marijuana Not Tax-deductible

According to Sean Laux, chief legislative liaison and public information officer with the Arizona Department of Revenue, Arizona yields to federal guidelines when it comes to determining what can be deducted as a medical expense. Beside the federal government not recognizing the use of marijuana for medicinal purposes, Laux said... more →
Posted in: News

Rochester, NY Will Finally Have Its Own Pot Dispensary

Minnesota Medical Solutions, which is growing and processing the plants in a facility near Otsego, has signed a lease for 3,000 square feet of the former Hot Fish Shop space at 3456 East Circle Drive. Minn Med is one of two companies selected by the state to grow and dispense medical marijuana in oil and powder form. It’s... more →
Posted in: Investing

GrowBLOX Signs License Agreement Including Initial Royalty Payment

GrowBLOX Sciences, Inc., “GB Sciences” (GBLX), a biopharmaceutical research and development company with state-of-the-art technologies in plant biology and cultivation, which are designed to produce consistent medicinal cannabis, has signed an agreement to license certain of its proprietary TissueBLOX technology to an unaffiliated... more →
Posted in: Investing

Affinor Growers Closes $30M US Equity Line Facility

Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation”) a company focused on mass producing, high quality, in-demand produce and high quality plants for global distribution, announced today that it has entered into a $30 million US equity line facility agreement with Dutchess Opportunity Fund... more →
Posted in: Investing

In Washington, Three Senators Unveil Medical Marijuana Bill

The bill would end the federal prohibition on medical marijuana and eliminate the ambiguity surrounding related state laws. It would untie the hands of veterans’ doctors when it comes to recommending the drug and bankers when it comes to providing business services to the industry. It would also facilitate very limited inter-state... more →
Posted in: News

Medical Marijuana Cultivation Centers, Dispensaries Focus More On Security

It’s medical pot that will be delivered to state-licensed dispensaries. But it is all a process that begs questions of security. “We’ll have armed security guards, over 140 cameras, fences, bio-metric access,” Caltabiano said. “Security is by far the biggest concern the state had in the applications.”... more →
Posted in: Investing

Is It Time For Marijuana Investing?

Pharmaceutical companies that use cannabinoids like GW Pharmaceuticals PLC-ADR (NASDAQ: GWPH ) and Insys Therapeutics Inc (NASDAQ: INSY ) have been a popular choice, as they limit exposure. However, those companies have no stake in the quickly growing recreational pot industry. Founders Fund Leads The Charge Venture capital fund Founders... more →
Posted in: Investing

Medical Marijuana Request Rebuffed By Pharmacy Board

Board member Susan Frey, a Villisca pharmacist, noted that legislators considered a marijuana-reclassification bill this session, but they let it die last week. “So clearly, it was not an issue the Legislature wanted to address,” she said. State law now classifies marijuana as both a Schedule I drug, whose use is impermissible... more →
Posted in: News
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